Keel Infrastructure (FRA:9MK) ROCE %: -46.34% (As of Mar. 2026)

What is Keel Infrastructure ROCE %?

Keel Infrastructure FRA:9MK -6.72% 57 ROCE % is -46.34% as of Mar. 2026. GuruFocus rates FRA:9MK with a GF Score™ of 57/100 and a GF Value™ of €1.49 (Significantly Overvalued). The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Keel Infrastructure's annualized ROCE % for the quarter that ended in Mar. 2026 was -46.34%.

Keel Infrastructure (FRA:9MK) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Keel Infrastructure ROCE % Related Terms

Keel Infrastructure ROCE % Historical Data

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The historical data trend for Keel Infrastructure's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Keel Infrastructure ROCE % Chart

Keel Infrastructure Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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23.06

-56.78

-12.55

-1.34

-21.16

Keel Infrastructure Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															-22.59	-19.18	-26.03	-55.51	-46.34

57GF Score

Keel Infrastructure Corp FRA:9MK

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Keel Infrastructure ROCE % Calculation

Keel Infrastructure's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	-167.932	/	( ( (633.291 - 26.888)	+	(1107.078 - 126.488) )	/ 2 )
	=	-167.932	/	( (606.403	+	980.59)	/ 2 )
	=	-167.932	/	793.4965
	=	-21.16 %

Keel Infrastructure's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	-428.96	/	( ( (1107.078 - 126.488)	+	(922.705 - 51.852) )	/ 2 )
	=	-428.96	/	( ( 980.59	+	870.853 )	/ 2 )
	=	-428.96	/	925.7215
	=	-46.34 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -46.34% mean?

Keel Infrastructure (FRA:9MK) has a ROCE % of -46.34% as of Mar. 2026.

Is Keel Infrastructure's ROCE % too high?

Keel Infrastructure's current ROCE % is -46.34%. Overall, Keel Infrastructure has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Keel Infrastructure's ROCE % compare to IBM and ACN?

Keel Infrastructure's ROCE % of -46.34% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Software company?

The median ROCE % among Software companies is 5.27, based on 2,713 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keel Infrastructure's current ROCE % is -46.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Keel Infrastructure stock overvalued right now?

Based on GuruFocus' analysis, Keel Infrastructure (FRA:9MK) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.49, compared to a current price of €4.96 — trading 232.8% above its estimated fair value. The current ROCE % is -46.34%. Keel Infrastructure's overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Keel Infrastructure (FRA:9MK), the current ROCE % is -46.34% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Keel Infrastructure (FRA:9MK) Overvalued in 2026?

Based on GuruFocus' analysis, Keel Infrastructure stock appears to be overvalued. The current stock price of €4.96 is trading 232.8% above its estimated GF Value™ of €1.49. GuruFocus considers Keel Infrastructure to be Significantly Overvalued.

Key valuation signals for FRA:9MK:

ROCE %: -46.34%
GF Value™: €1.49 vs. price of €4.96 (232.8% above fair value)
GF Score™: 57/100 with 3 warning signs

No single metric tells the full story. See the FRA:9MK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Keel Infrastructure Business Description

Industry Technology Software

Comparable Companies XCNQ:AIRX TSX:ALYA TSXV:SPOT TSXV:VITA TSXV:PVT TSXV:CCDS TSXV:DM NEOE:KNR XCNQ:NERD TSXV:VIS IBM ACN NSE:TCS NSE:INFY TSE:6702 TSE:6701 NSE:HCLTECH FISV XMAD:AMS CTSH

Other Exchanges KEEL:USA KEEL:Mexico KEEL:Canada

Address 120 Broadway, Suite 1075, New York, NY, USA, 10004

Website https://www.keelinfra.com

Keel Infrastructure Corp is a North American digital infrastructure and energy company that develops and owns data centers and energy infrastructure for high-performance computing workloads, including AI. The group has a pipeline of 2.2 gigawatts and established grid interconnections already in place. It delivers scalable infrastructure solutions in high-demand power markets across Pennsylvania and Washington in the United States, and Quebec in Canada. It has data campuses in Moses Lake, Panther Creek, Sharon, Sherbrooke, and Scrubgrass.

57GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.96

Price

€1.49

GF Value

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